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Business
April 27, 2021
Tabcorp Confirms Renewed Entain Bid, Continues with Review
Entain has put forward a revised offer to buy out Tabcorp’s sports gambling business with $3.5 billion now the best option available on the table. Bids for Tabcorp Are Still Unsatisfactory The gentlemanly bidding war for Tabcorp’s media and sports betting operations in Australia counties as Entain may have fallen short with its renewed $3.5 […]
Business
March 29, 2021
Tabcorp Turns Down Entain $3bn Bid, Says It’s “Little Light”
After a month to consider, Tabcorp has turned down a $3bn bid by Entain for the company’s wagering and media division, arguing that the bidder has underestimated the company’s actual value. Tabcorp Says No to $3bn Entain Bid Tabcorp has formally rejected a $3 billion bid by Entain this morning and has launched a broad strategic review […]
Business
February 17, 2021
Lottery and Wagering Revenue Boost Tabcorp’s Recovery
Tabcorp Holdings’ reported a slight 1.5% group revenue decrease for the first half of 2020/2021 with the company’s lottery and wagering units offsetting the slump in the Gaming Services division. Tabcorp On the Path to Recovery After Challenging 2020 Australia’s largest gambling company Tabcorp has released its 2020/2021 interim results for the period ending 31 […]
Industry
February 8, 2021
Potential Tabcorp Takeover Faces Additional Hurdles
The potential sale of Tabcorp wagering and media business will face challenges from the ACCC and businessman Peter V’landys. ACCC Closely Monitoring Tabcorp Takeover The Australian Competition and Consumer Commission (ACCC) has announced that it is closely monitoring the mounting interest in gambling and gaming giant Tabcorp Holdings’ wagering and media arm. Last week, Tabcorp […]
Business
February 3, 2021
Entain Interested In Tabcorp Wagering and Media Division
Tabcorp has received multiple unsolicited acquisition proposals for its Wagering and Media Division, including from UK gaming leader Entain. Tabcorp Receives Several Unsolicited Takeover Bids Australian gambling giant Tabcorp Holdings Limited (Tabcorp) has revealed that it has received several unsolicited acquisition proposals for its Wagering and Media division. However, no firm proposals have been made […]
Sports
July 14, 2020
Tabcorp Becomes Official MLB Partner in Australia
Tabcorp and Major League Baseball signed a new partnership designed to boost awareness for the league with Australian sports fans who have been demanding more US sports, and baseball in particular. MLB and Tabcorp Tie up Exclusive Sports Betting Partnership Major League Baseball (MLB) continues to expand its footprint around the world, after making successful […]
Business
April 14, 2020
Tabcorp Marketing Campaign Pleads for Support, Seeks Sympathy
Marketing campaigns may serve many purposes, but they all aim at bringing the attention to one’s products. And the new marketing campaign by Tabcorp does exactly that, for all the good reasons. The betting arm of Australian gaming company Tabcorp Holdings, TAB, has recently launched an advertising pitch that is seeking to exploit on bettors’ […]
Business
April 7, 2020
Tabcorp Trims Costs by Temporary Layoffs, More Than 700 Employees Affected
Tabcorp, the Australian lottery and gaming provider, has introduced cost reduction measures to respond to the negative impact on its revenue due to the coronavirus spread, that included the temporary layoff of more than 700 employees. Yet, the full extent of the blow the company is taking from the ongoing health crisis on its bottom […]